Trump says he will leave his businesses Jan. 20 to focus on presidency

President-elect Donald Trump is leaving his businesses in January.

Trump tweeted Monday night that, although he is "not mandated by law to do so," he is leaving his businesses before Jan. 20 to "focus full time" on his presidency.

"Two of my children, Don and Eric, plus executives, will manage them," Trump said, referring to Donald Trump Jr. and Eric Trump. "No new deals will be done during my term(s) in office."

Trump previously tweeted that he would hold a news conference Thursday to discuss that he is leaving his businesses completely.

“I will be holding a major news conference in New York City with my children on December 15 to discuss the fact that I will be leaving my great business in total in order to fully focus on running the country in order to MAKE AMERICA GREAT AGAIN! While I am not mandated to do this under the law, I feel it is visually important, as President, to in no way have a conflict of interest with my various businesses. Hence, legal documents are being crafted which take me completely out of business operations. The Presidency is a far more important task!"

The transition team backpedaled on the date Monday, saying that the press conference would be rescheduled for January.

Trump repeated some of that information Monday night, but did not mention a specific date.

"I will hold a press conference in the near future to discuss the business, Cabinet picks and all other topics of interest. Busy times!"

Neither Trump, or his surrogates, have given any specific details on how his sons Donald Jr. and Eric will operate without the president-elect at the helm, The Washington Post reported.

The paper reported that the senior Trump is required to release his personal financial information in May 2018.

Trump's daughter, and advisor, Ivanka is expected to also step away from the business side of the family. She and her husband were recently seen looking at homes in the DC area.

Sunday, Trump had said he was going to give day-to-day control of his business empire to his three oldest children, but The Post reported that he may not fully separate himself from the company that bears his name.

Cox Media Group